Physician Mortgage Mount Pleasant South Carolina

Preferred Physician Loan Officer

George Connolly
NMLS# 658831
Mobile: (770) 354-5074
Email: george.connolly@suntrust.com
Website: http://www.suntrust.com/george.connolly

  • Designed to meet the unique financial needs of Licensed Residents, Interns, Fellows in MD, DO, and DPM programs and licensed Physicians and Dentists (MD, DO, DPM, DDS, DMD).
  • No Mortgage Insurance regardless of the LTV
  • 100% financing �” loan amounts up to $750,000 with zero down payment
  • 95% financing �” loan amounts from $750,001 to $1,000,000 require a 5% down payment
  • 89.99% financing �” loan amounts from $1,000,0001 to $1,500,000 require a 10.01% down payment
  • ZERO PMI EVEN WHEN THE LTV IS OVER 80%
  • Max Loan amount for Residents, Interns and Fellows is $750,000
  • Gifts/employer loans/seller contributions allowed depending on specific program availability and requirements
  • In some states, the Doctor Loan requires a pre-existing SunTrust deposit account relationship. If the borrower does not have the pre-existing SunTrust deposit account relationship in those states then they might qualify for the Premier Mortgage. The Premier Mortgage offers jumbo financing over 80% with zero mortgage insurance.

Find out more by contacting George Connolly at george.connolly@suntrust.com and/or (770) 354-5074.

Get Your Physician Loan Rates Now by Completing the Form Below.

Regardless of whether our clients are a first time home buyer or purchasing a new home in Mount Pleasant South Carolina, our vetted loan officers have a solid understanding of the local real estate market and what it really takes to close your physician loan with proficiency and expertise.

Our loan officers in Mount Pleasant South Carolina offer exclusive financing for doctors, like you.

First off, let’s discuss why physician mortgage loans even exist. The reason is that doctors are extremely profitable clients for lending institutions. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to secure early career doctors by lending them more money with fewer requirements than their competitors.

Physician Mortgage Experts In Mount Pleasant South Carolina

If you are searching for a physician mortgage loan in Mount Pleasant South Carolina then you came to the right place.

You’ve trained very hard to become a doctor and purchasing home shouldn’t be nearly as challenging.

Did you know there is a special loan that makes it easy for doctors to buy a home?

A home loan specifically for doctors?

Yup, doctors get their own loan!

A physician home mortgage is a special loan program developed just for doctors in the home purchasing process.

We recognize the budgetary demands of your student loan financial obligation, and how essential it is to maintain working capital for when the time is right with embarking upon your career. Regardless if you are a couple years into practice, or a well established doctor, you can rely on us to find a mortgage loan that is exclusively tailored for your needs.

A large number of physicians in Mount Pleasant South Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or little to no work history.

Despite these factors smart financial institutions know that doctors are a good choice due to the fact that they historically have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banking institutions that do simply speaking to the best mortgage loan officer makes a tremendous difference.

Benefits of Physician Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income percentage.
  • Requires low to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve an agreement as proof of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Purchasing a house doesn’t need to empty your savings and the process doesn’t need to drain your time.

Should You Put Money Down?

What if you have some money to put down or are considering waiting until you have the money?

Our mortgage lenders can do the math for you and show you what each scenario looks like and the benefits of each too.

In most instances, you’ll get your home loan paid off sooner and save thousands of dollars on interest too.

Additionally, don’t overlook that having equity in your house will provide greater security and flexibility, particularly if something unforeseen happens. With the 100% financed physician home mortgage loan, you ought to expect to begin underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the home.

Whether you are moving down the street, across town or across the country, we are here to help you through the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Mount Pleasant South Carolina physician home loan program!

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